To All my valuable Investors and followers.
Wish you and your family a Happy, Healthy & Prosperous Holi.
On Holi we chant: Holi I, Holi I, Holi I…. However, let us not just chant this rhyme; rather, let us truly pray to God that on this day “I” may become holy.
Let us pray that “I” may become pious, pure and devoted as Prahlad. In that way our lives and our hearts and our souls will be forever protected, forever sheltered at His holy feet.
As we chant “Holi I, Holi I, Holi I….” let us also pray that our “eye” may become holy, that we may be granted the divine vision by which we behold Him in all whom we see.
Let us pray that through our holy eye, we never are led toward anger, greed, lust or jealousy.
Let this holi be a time when we change not only the color of our faces, but the color of our hearts.
Let us not only "play" holi, but let us become holy.
Let the only color that truly penetrates our beings, be the color of god.
Monday, March 1, 2010
Thursday, February 4, 2010
Possible Causes for Market pain...Are we enough capable for sustainable growth
Well, today we will discuss more about the possible causes and market pain.We will also conclude on our capability for sustainable growth.
Domestic liquefied petroleum gas (LPG) consumers may soon have to pay Rs 100 more for every 14.2-kg cylinder if the report of the expert group on ‘A viable and sustainable system of pricing of petroleum products' headed by Mr Kirit S. Parikh is accepted.
The committee has also suggested a Rs 6/litre increase in price for kerosene sold under the public distribution system (PDS), implying a 66 per cent jump over the current price.
Deregulation
The committee has also pressed for complete deregulation of petrol and diesel prices. Currently, domestic LPG in Delhi is sold at Rs 281.20/cylinder, petrol Rs 44.72 a litre, and diesel Rs 32.92. The price of kerosene, which has not been revised since 2002, is at Rs 9.23 a litre.
At the current international crude prices, freeing petrol would result in an increase of Rs 3 a litre and diesel Rs 3-4. The Indian crude basket for the current fiscal till February 2 has averaged at $68.54 a barrel.
When asked whether these radical recommendations would receive the political nod, Mr Murli Deora, Minister for Petroleum and Natural Gas, said, “We are very keen not just to discuss but see what best can be done both for the consumers as well as the Government.”
The Petroleum Ministry is hopeful of processing the report in a few days, and presenting it to the Government.
Bridging the gap
If the recommendations are accepted, it will bring the under-recoveries of public sector oil marketing companies on petrol and diesel down to nil.
To contain the under-recoveries on account of cooking fuels, the committee has suggested that the first step is to rationalise allocation of PDS kerosene across the States and increase prices of both kerosene and domestic LPG, according to the report.
The next remedy suggested in the report is to bridge the financial gap arising due to under recoveries on the two products.
This could be done by mopping up part of the incremental income of ONGC and Oil India Ltd from production from their nomination blocks (non-NELP) and cash subsidy from the Budget.
The formula has been suggested by ONGC, according to which, if international prices go up from $70 to $140 a barrel, the amount of subsidy from the Central Government on LPG and kerosene will remain stable at Rs 20,000 crore.
Speaking to newspersons after submitting the report, Mr Parikh said, “A viable long-term strategy for pricing major petroleum products is required.
“A viable policy has to be workable over a wide range of international oil prices and has to meet the various objectives of the Government. It should limit the fiscal burden on the Government and keep the domestic oil industry financially healthy and competitive.”
Inflation effect
On whether the suggestions made by the committee will have any impact on inflation, Mr Parikh said, “These measures have become essential because if we don't do it today, fiscal deficit will go up, credit ratings will be affected, the borrowing cost will go up. So, the economy will have to bear the burden one way or the other.” (Source: BL)
Are we capable to guide our economy in better way?
It's better you should think on this chapter.Isn't it? Solution is in the system itself.
It will take possibly another 6-8 month time frame to see market at new high (<20,000)
What parameters will drive market hence forth?
1. Inflation
2. Oil prices.
3. Company's result.
4. Govt policy for alternative energy and Act to make it happens.
5. Budget
6. Global cues
7. Stimulas packages for textiles, aviation.
My questions:
Are WE capable to control inflation? I am talking about our TOP BOSS/Our GOVT.
What is our base? Agriculture!!!! It's not far away that we will have to purchase food from foreiegn. It's shame Guys!!!
Are we enough educated? If yes, then why we don't we select a right candidate to drive our nation.
Domestic liquefied petroleum gas (LPG) consumers may soon have to pay Rs 100 more for every 14.2-kg cylinder if the report of the expert group on ‘A viable and sustainable system of pricing of petroleum products' headed by Mr Kirit S. Parikh is accepted.
The committee has also suggested a Rs 6/litre increase in price for kerosene sold under the public distribution system (PDS), implying a 66 per cent jump over the current price.
Deregulation
The committee has also pressed for complete deregulation of petrol and diesel prices. Currently, domestic LPG in Delhi is sold at Rs 281.20/cylinder, petrol Rs 44.72 a litre, and diesel Rs 32.92. The price of kerosene, which has not been revised since 2002, is at Rs 9.23 a litre.
At the current international crude prices, freeing petrol would result in an increase of Rs 3 a litre and diesel Rs 3-4. The Indian crude basket for the current fiscal till February 2 has averaged at $68.54 a barrel.
When asked whether these radical recommendations would receive the political nod, Mr Murli Deora, Minister for Petroleum and Natural Gas, said, “We are very keen not just to discuss but see what best can be done both for the consumers as well as the Government.”
The Petroleum Ministry is hopeful of processing the report in a few days, and presenting it to the Government.
Bridging the gap
If the recommendations are accepted, it will bring the under-recoveries of public sector oil marketing companies on petrol and diesel down to nil.
To contain the under-recoveries on account of cooking fuels, the committee has suggested that the first step is to rationalise allocation of PDS kerosene across the States and increase prices of both kerosene and domestic LPG, according to the report.
The next remedy suggested in the report is to bridge the financial gap arising due to under recoveries on the two products.
This could be done by mopping up part of the incremental income of ONGC and Oil India Ltd from production from their nomination blocks (non-NELP) and cash subsidy from the Budget.
The formula has been suggested by ONGC, according to which, if international prices go up from $70 to $140 a barrel, the amount of subsidy from the Central Government on LPG and kerosene will remain stable at Rs 20,000 crore.
Speaking to newspersons after submitting the report, Mr Parikh said, “A viable long-term strategy for pricing major petroleum products is required.
“A viable policy has to be workable over a wide range of international oil prices and has to meet the various objectives of the Government. It should limit the fiscal burden on the Government and keep the domestic oil industry financially healthy and competitive.”
Inflation effect
On whether the suggestions made by the committee will have any impact on inflation, Mr Parikh said, “These measures have become essential because if we don't do it today, fiscal deficit will go up, credit ratings will be affected, the borrowing cost will go up. So, the economy will have to bear the burden one way or the other.” (Source: BL)
Are we capable to guide our economy in better way?
It's better you should think on this chapter.Isn't it? Solution is in the system itself.
It will take possibly another 6-8 month time frame to see market at new high (<20,000)
What parameters will drive market hence forth?
1. Inflation
2. Oil prices.
3. Company's result.
4. Govt policy for alternative energy and Act to make it happens.
5. Budget
6. Global cues
7. Stimulas packages for textiles, aviation.
My questions:
Are WE capable to control inflation? I am talking about our TOP BOSS/Our GOVT.
What is our base? Agriculture!!!! It's not far away that we will have to purchase food from foreiegn. It's shame Guys!!!
Are we enough educated? If yes, then why we don't we select a right candidate to drive our nation.
Sunday, January 31, 2010
My Strength V/s My Achievement. Do I justify myself? Let's think on it for a minute.
Do we still underestimate ourselves?
It becomes a big question in front of me.
Here is step by step analysis of our country’s economy in conjunction with US economy.
US Economy grows at 5.7 pct pace, fastest since 2003 - Wall Street
Economy grows for 2nd straight quarter at better-than-expected 5.7 pct rate, best since 2003
Christopher S. Rugaber, AP Economics Writer, On Friday January 29, 2010, 1:29 pm
WASHINGTON (AP) — The economy’s faster-than-expected growth at the end of last year, fueled by companies boosting output to keep stockpiles up, is likely to weaken as consumers keep a lid on spending.
The 5.7 percent annual growth rate in the fourth quarter was the fastest pace since 2003. It marked two straight quarters of growth after four quarters of decline. Growth exceeded expectations mainly because business spending on equipment and software jumped much more than forecast.
Still, economists expect growth to slow this year as companies finish restocking inventories and as government stimulus efforts fade. Many estimate the nation’s gross domestic product will grow 2.5 percent to 3 percent in the current quarter and about 2.5 percent or less for the full year.
That won’t be fast enough to significantly reduce the unemployment rate, now 10 percent. Most analysts expect the rate to keep rising for several months and remain close to 10 percent through the end of the year.
High unemployment and stagnant wage growth will likely keep consumers cautious about spending. Wages and benefits paid to U.S. workers posted a scant gain in the fourth quarter. And for all of last year, workers’ compensation rose by the smallest amount on records going back more than a quarter-century.
The economic recovery could falter if consumers, who account for 70 percent of economic activity, lack the income to ramp up spending.
“That’s why there’s so much hand-wringing right now,” said Brian Bethune, chief U.S. financial economist for IHS Global Insight. “Can the economy really sustain this? That’s the big question mark sitting out there.”
With hiring still weak, President Barack Obama has stepped up his focus on job creation. On Friday, he urged Congress to embrace his call for tax incentives to create jobs.
Obama wants to give companies a $5,000 tax credit for each net new worker they hire in 2010. Also, businesses that increase wages or hours for existing workers in 2010 would be reimbursed for the extra Social Security payroll taxes they would pay.
“It’s time to put America back to work,” the president told workers at the Chesapeake Machine Company in Baltimore. But he acknowledged that “while these proposals will create jobs all across America, we’ve got a long way to go to make up for the millions of jobs that we lost in this recession.”
About 60 percent of the fourth quarter’s growth resulted from a sharp slowdown in the reduction of inventories as firms began to rebuild stockpiles depleted by the recession.
Changes to inventories added 3.4 percentage points to the fourth-quarter growth, the Commerce Department said in its report Friday. Excluding inventories, the economy would have grown at a 2.2 percent clip, the government said. That’s an improvement from 1.5 percent in the third quarter.
Consumer spending rose 2 percent, down from a 2.8 percent rise in the third quarter. It added 1.4 percentage points to GDP growth.
A steep increase in exports also helped boost growth last quarter. The shipment of goods overseas rose 18.1 percent, far outpacing a 10.5 percent rise in imports. Net exports added 0.5 percentage point to GDP.
Government spending was actually a slight drag on growth in the fourth quarter: A small increase in federal spending was outweighed by a drop in state and local spending.
Still, federal government spending is likely to pick up and add to growth in the first quarter, Bethune said.
Business spending will likely boost economic growth for several quarters, Bethune said, though not likely enough to make up for sluggish consumer spending. Many companies are upgrading computers, cell phones and machinery as their equipment needs to be replaced just to maintain current levels of production.
In addition, many businesses have healthy balance sheets and don’t need to pay off the large debts that households are struggling with, Bethune added.
For now, the growing economy is benefiting companies up and down the supply chain. Ford Motor Co. this week reported higher fourth-quarter sales and its first annual profit in four years, as it recovers from the devastating downturn the auto industry.
Ford’s “recent success has benefited us,” said Tom Schumann, general manager of EC Kitzel & Sons Inc., a small cutting tool fabricator based in Cleveland, Ohio.
The company, which has 30 employees, bought a new machine tool in December and hired a new worker to run it, the company’s first hire since last spring. Still, many of the company’s suppliers are struggling.
“I’m not totally convinced we’re out of the woods yet,” Schumann said, referring to the economy.
Friday’s report is the first of the government’s three estimates of gross domestic product and is likely to be revised. The government initially estimated third quarter growth was 3.5 percent, which was later revised down to 2.2 percent. The next estimate will be released Feb. 26.
The report provided an upbeat end to an otherwise dismal year: The nation’s economy declined 2.4 percent in 2009, the largest drop since 1946. That’s the first annual decline since 1991.
Source: Yahoo finance
Now let’s start to talk about my own country.
My countrymen are they positive enough to drive country’s economy in correct way?
Do we have potential to prove on paper we are going to become third largest economy worldwide?
Are you using proper guidelines to make our country strong?
Are we really adapting western culture in large extent? I am not an economist.
We Indian fundamentally and strategically quite correct hence I could expect to make it happen within 5 years.
We have enough resources which are cheap and best in quality.
We have good banking system.
Instead of all these reason our stock market still depends on European market.
We have lots of intellectual property on non-conventional energy sources.
Let’s go back to history to understand our strength, our civilization.
The first great Indian civilization
From the start of the fourth millennium BC, the individuality of early village cultures began to be replaced by a more homogeneous style of pottery at a large number of sites throughout the Indus Valley; by the middle of the third millennium, a uniform culture had developed at settlements spread across nearly 1,280,000 square kilometres, including parts of the Punjab, Uttar Pradesh, Gujarat, Baluchistan, the Sind and the Makran coast. Two great cities on the Indus, Harappa in the north and Mohenjo Daro in the south, were supported by the agricultural surplus produced by such settlements. Recent archeological research has unearthed further sites, almost as large as the first two and designed on the same plan, at Kalibangan, on the border of India and Pakistan, at Kot Diji east of Mohenjo Daro, at Chanhu Daro further south on the Indus, and at Lothal in Gujarat.
The emergence of the first great Indian civilization, around 2500 BC, is almost as remarkable as its stability for nearly a thousand years. All the cities were built with baked bricks of the same size; the streets were laid out in a grid with an elaborate system of covered drains; and the houses, some with more than one storey, are large. Vast granaries and a citadel built on higher ground with a gigantic adjoining bath at Mohenjo Daro, together with the absence of royal palaces and the large numbers of religious figurines, suggest that it was a theocratic state of priests, merchants and farmers.
By now, farmers had domesticated various animals, including hump-backed (Brahmani) cattle, goats, water buffaloes and fowls. They cultivated wheat, barley, peas and sesamum, and were also probably the first to grow and make clothes from cotton. Excavations at Lothal have uncovered a harbour; merchants were certainly involved in extensive trading by both sea and land, for they imported metals, including gold, silver and copper, and semiprecious stones from the Indian peninsula, Persia, Afghanistan, central Asia and Mesopotamia. While the main export was probably cotton yarn or cloth, they may have exported surplus grain as well. Indus seals found at Ur confirm the continuity of trading links with Sumer between 2300 and 2000 BC.
The sheer quantity of seals discovered in the Indus cities suggests that each merchant or mercantile family had its own. They're usually square, and made of steatite (a kind of soapstone), engraved and then hardened by heating. All bear inscriptions, which remain undeciphered, although nearly 400 different characters have been identified. The emblems beneath the inscriptions - iconographic scenes and animals, such as the bull, buffalo, goat, tiger and elephant - are more enlightening. One of the most notable depicts a horned deity sitting cross-legged in an ithyphallic posture, surrounded by a tiger, an elephant, a rhinoceros, a water buffalo and two deer. He appears on two other seals, and it seems certain that he was a fertility god; indeed, he has been called a "proto-Shiva" because of the resemblance to Pashupati, the Lord of the Beasts, a major representation of the fully developed Hindu god, . Other seals provide evidence that certain trees, especially the peepal, were worshipped, and thus anticipate their sacred status in the Hindu and Buddhist religions.
No monumental sculpture survives, but large numbers of human figurines have been discovered, including a steatite bust of a man thought to be a priest, a striking bronze "dancing girl", brilliantly naturalistic models of animals, and countless terracotta statuettes of a Mother Goddess. This goddess is thought to have been worshipped in nearly every home of the common people, but the crude style of modelling suggests that she was not part of the cult of the priestly elite.
The sudden demise of the Indus civilization in the last quarter of the second millennium BC used to be explained by invasions of barbarian tribes from the northwest; but recent research has established that tectonic upheavals in about 1700 BC caused a series of floods, and these are now considered primarily to blame.
Guys we may find out some answer of my question from SWAMIJI’s thoughts which he had expressed and complied together in “The Future of India”
Did you follow SWAMIJI? Or We couldn’t even understand his thoughts, philosophy beyond of his each statement he commented more than 100 years back.
Did you find out solution for reason which he found out early age of India’s modern civilization?
Do we literate ourselves to understand our key strength and potential?
Lots of questions are still roaming inside my brain but no perfect solution yet.
1. The Future Of India
o Excerpts From Swami Vivekananda famous lecture “The Future Of India”
2. India
o This is the ancient land where wisdom made its home before it went into any other country…
o Here is the same India whose soil has been trodden by the feet of the greatest sages that ever lived.
o Here first sprang up inquiries into the nature of man and into the internal world.
o This is the land from whence, like the tidal waves, spirituality and philosophy have again and again rushed out and deluged the world..
o It is the same land which stands firmer than any rock in the world, with its undying vigor, indestructible life. Its life is of the same nature as the soul, without beginning and without end, immortal; and we are the children of such a country.
3. Problems before India
o The problems in India are more complicated, more momentous, than the problems in any other country.
o The elements which compose the nations of the world are indeed very few, taking race after race, compared to this country. Here have been the Aryan, the Dravidian, the Tartar, the Turk, the Mogul, the European — all the nations of the world, as it were, pouring their blood into this land.
o Of languages the most wonderful conglomeration is here; of manners and customs there is more difference between two Indian races than between the European and the Eastern races.
4. Our Common Ground
o The one common ground that we have is our sacred tradition, our religion. That is the only common ground, and upon that we shall have to build.
o The unity in religion, therefore, is absolutely necessary as the first condition of the future of India.
o We know that our religion has certain common grounds, common to all our sects …what we want is to bring out these lifegiving common principles of our religion, and let every man, woman, and child, throughout the length and breadth of this country, understand them, know them, and try to bring them out in their lives.
o This is the first step; and, therefore, it has to be taken.
5. Do not quarrel within !
o The first plank in the making of a future India, the first step that is to be hewn out of that rock of ages, is this unification of religion.
o All of us have to be taught that we Hindus — dualists, qualified monists, or monists, Shaivas, Vaishnavas, or Pâshupatas — to whatever denomination we may belong, have certain common ideas behind us, and that the time has come when for the well-being of ourselves, for the well-being of our race, we must give up all our little quarrels and differences.
o the more you go on fighting and quarrelling about all trivialities such as "Dravidian" and "Aryan", and the question of Brahmins and non-Brahmins and all that, the further you are off from that accumulation of energy and power which is going to make the future India.
o With the giving up of quarrels all other improvements will come.
6. Lift Up The Masses !
o My idea is first of all to bring out the gems of spirituality that are stored up in our books and in the possession of a few only, hidden, as it were, in monasteries and in forests — to bring them out; to bring the knowledge out of them..
o ..in one word, I want to make them popular. I want to bring out these ideas and let them be the common property of all, of every man in India, whether he knows the Sanskrit language or not.
o the ideas must be taught in the language of the people; at the same time, Sanskrit education must go on along with it,..
o Teach the masses in the vernaculars, give them ideas; they will get information, but something more is necessary; give them culture. Until you give them that, there can be no permanence in the raised condition of the masses.
7. Solution To Caste Problem
o Shame upon them that such wicked and diabolical customs are allowed; their own children are allowed to die of starvation, but as soon as they take up some other religion they are well fed.
o The solution is not by bringing down the higher, but by raising the lower up to the level of the higher.
o What is the plan? The ideal at one end is the Brahmin and the ideal at the other end is the Chandâla, and the whole work is to raise the Chandala up to the Brahmin. Slowly and slowly you find more and more privileges granted to them.
o It is the duty of the Brahmin, therefore, to work for the salvation of the rest of mankind in India. If he does that, and so long as he does that, he is a Brahmin, but he is no Brahmin when he goes about making money.
8. Organize !
o Why is it that organizations are so powerful? Do not say organization is material. Why is it, to take a case in point, that forty millions of Englishmen rule three hundred millions of people here? What is the psychological explanation?
o These forty millions put their wills together and that means infinite power, and you three hundred millions have a will each separate from the other.
o Therefore to make a great future India, the whole secret lies in organization, accumulation of power, co-ordination of wills.
9. Worship the mother !
o For the next fifty years this alone shall be our keynote — this, our great Mother India. Let all other vain gods disappear for the time from our minds. This is the only god that is awake, our own race — "everywhere his hands, everywhere his feet, everywhere his ears, he covers everything."
o The first of all worship is the worship of the Virat — of those all around us. Worship It.
o These we have to worship, instead of being jealous of each other and fighting each other.
One can understand and guess the reason why we are still lugging behind of our milestone.
Anyway we now come to a conclusion that India to be 3rd economy by 2020.
But my question is still kept unanswered. Why don’t we achieve by 2015, it’s not loot late.
(India to be 3rd largest economy by 2020: Pant)
India is poised to become the world's third-largest economy by 2020, three decades before the Goldman Sachs estimate, said K C Pant in Hyderabad on Wednesday.
In his keynote address at the Tenth Partnership Summit organised by the Confederation of Indian Industry, Pant said a recent study by Goldman Sachs on the growth prospects of four leading developing and transition economies -- Brazil, Russia, India and China (collectively termed as BRICs) -- had predicted that India would be the third largest economy in the world by 2050, after China and the United States.
The study forecast that India would grow more or less steadily at 5.5 to 6 per cent per annum and would continue this trajectory even beyond 2050, when all the other major countries would have slowed down to a 3 per cent or less growth rate.
"Though our past performance and the prognoses for the future are a source of pride for us, we do not think that they should be a cause for complacency. India's Tenth Five-Year Plan, which spans 2002 to 2007, aims to make India the fastest-growing economy in the world by the end of this period," he said.
"We believe that the country has the potential to record an average growth rate of 8 per cent per annum during these five years, rising to above 9 per cent in the terminal year," he added.
"Our optimism appears to have been vindicated by the recent performance of the economy. In the second quarter of this year, our GDP (gross domestic product) has increased by 8.4 per cent, and it is expected to grow at over 9 per cent in the next two quarters," he said.
"The most heartening feature of this growth has been the performance of our brick and mortar sectors, which have demonstrated a high degree of vitality that gives us the confidence about the future," Pant said.
He said that India had been one of the 10 fastest-growing economies in the world in the last two decades and the future may be even better than the past.
In the past, economic infrastructure, such as railways, ports, national roads and power were all provided exclusively by the public sector. "In the future, we see these areas being opened up to the private sector to the extent that the private sector displays its willingness, but this varies from sector to sector -- a fact that we need to keep in mind," he noted.
Referring to the financial sector, he said that foreign portfolio investors have recognised the strength and potential of the Indian capital markets and have poured in over $7 billion last year.
"Although India's presence has improved significantly in the international investors' radar screen in recent years, there is still a long way to go before it can be taken for granted. This is especially true for a number of sectors in which India's requirements may be at variance with international investor perceptions," he explained.
Pant said that the Planning Commission had set up a high-level Steering Group on Foreign Direct Investment and its report was presently under active consideration of the Union government.
An empowered committee, consisting of Union ministers and state chief ministers, was also set up to draw up a blueprint for creating an investor-friendly environment and to oversee its implementation.
"This is the first time that a major reforms programme will explicitly reflect the federal nature of our political system and will be guided at the highest political level," he pointed out.
It becomes a big question in front of me.
Here is step by step analysis of our country’s economy in conjunction with US economy.
US Economy grows at 5.7 pct pace, fastest since 2003 - Wall Street
Economy grows for 2nd straight quarter at better-than-expected 5.7 pct rate, best since 2003
Christopher S. Rugaber, AP Economics Writer, On Friday January 29, 2010, 1:29 pm
WASHINGTON (AP) — The economy’s faster-than-expected growth at the end of last year, fueled by companies boosting output to keep stockpiles up, is likely to weaken as consumers keep a lid on spending.
The 5.7 percent annual growth rate in the fourth quarter was the fastest pace since 2003. It marked two straight quarters of growth after four quarters of decline. Growth exceeded expectations mainly because business spending on equipment and software jumped much more than forecast.
Still, economists expect growth to slow this year as companies finish restocking inventories and as government stimulus efforts fade. Many estimate the nation’s gross domestic product will grow 2.5 percent to 3 percent in the current quarter and about 2.5 percent or less for the full year.
That won’t be fast enough to significantly reduce the unemployment rate, now 10 percent. Most analysts expect the rate to keep rising for several months and remain close to 10 percent through the end of the year.
High unemployment and stagnant wage growth will likely keep consumers cautious about spending. Wages and benefits paid to U.S. workers posted a scant gain in the fourth quarter. And for all of last year, workers’ compensation rose by the smallest amount on records going back more than a quarter-century.
The economic recovery could falter if consumers, who account for 70 percent of economic activity, lack the income to ramp up spending.
“That’s why there’s so much hand-wringing right now,” said Brian Bethune, chief U.S. financial economist for IHS Global Insight. “Can the economy really sustain this? That’s the big question mark sitting out there.”
With hiring still weak, President Barack Obama has stepped up his focus on job creation. On Friday, he urged Congress to embrace his call for tax incentives to create jobs.
Obama wants to give companies a $5,000 tax credit for each net new worker they hire in 2010. Also, businesses that increase wages or hours for existing workers in 2010 would be reimbursed for the extra Social Security payroll taxes they would pay.
“It’s time to put America back to work,” the president told workers at the Chesapeake Machine Company in Baltimore. But he acknowledged that “while these proposals will create jobs all across America, we’ve got a long way to go to make up for the millions of jobs that we lost in this recession.”
About 60 percent of the fourth quarter’s growth resulted from a sharp slowdown in the reduction of inventories as firms began to rebuild stockpiles depleted by the recession.
Changes to inventories added 3.4 percentage points to the fourth-quarter growth, the Commerce Department said in its report Friday. Excluding inventories, the economy would have grown at a 2.2 percent clip, the government said. That’s an improvement from 1.5 percent in the third quarter.
Consumer spending rose 2 percent, down from a 2.8 percent rise in the third quarter. It added 1.4 percentage points to GDP growth.
A steep increase in exports also helped boost growth last quarter. The shipment of goods overseas rose 18.1 percent, far outpacing a 10.5 percent rise in imports. Net exports added 0.5 percentage point to GDP.
Government spending was actually a slight drag on growth in the fourth quarter: A small increase in federal spending was outweighed by a drop in state and local spending.
Still, federal government spending is likely to pick up and add to growth in the first quarter, Bethune said.
Business spending will likely boost economic growth for several quarters, Bethune said, though not likely enough to make up for sluggish consumer spending. Many companies are upgrading computers, cell phones and machinery as their equipment needs to be replaced just to maintain current levels of production.
In addition, many businesses have healthy balance sheets and don’t need to pay off the large debts that households are struggling with, Bethune added.
For now, the growing economy is benefiting companies up and down the supply chain. Ford Motor Co. this week reported higher fourth-quarter sales and its first annual profit in four years, as it recovers from the devastating downturn the auto industry.
Ford’s “recent success has benefited us,” said Tom Schumann, general manager of EC Kitzel & Sons Inc., a small cutting tool fabricator based in Cleveland, Ohio.
The company, which has 30 employees, bought a new machine tool in December and hired a new worker to run it, the company’s first hire since last spring. Still, many of the company’s suppliers are struggling.
“I’m not totally convinced we’re out of the woods yet,” Schumann said, referring to the economy.
Friday’s report is the first of the government’s three estimates of gross domestic product and is likely to be revised. The government initially estimated third quarter growth was 3.5 percent, which was later revised down to 2.2 percent. The next estimate will be released Feb. 26.
The report provided an upbeat end to an otherwise dismal year: The nation’s economy declined 2.4 percent in 2009, the largest drop since 1946. That’s the first annual decline since 1991.
Source: Yahoo finance
Now let’s start to talk about my own country.
My countrymen are they positive enough to drive country’s economy in correct way?
Do we have potential to prove on paper we are going to become third largest economy worldwide?
Are you using proper guidelines to make our country strong?
Are we really adapting western culture in large extent? I am not an economist.
We Indian fundamentally and strategically quite correct hence I could expect to make it happen within 5 years.
We have enough resources which are cheap and best in quality.
We have good banking system.
Instead of all these reason our stock market still depends on European market.
We have lots of intellectual property on non-conventional energy sources.
Let’s go back to history to understand our strength, our civilization.
The first great Indian civilization
From the start of the fourth millennium BC, the individuality of early village cultures began to be replaced by a more homogeneous style of pottery at a large number of sites throughout the Indus Valley; by the middle of the third millennium, a uniform culture had developed at settlements spread across nearly 1,280,000 square kilometres, including parts of the Punjab, Uttar Pradesh, Gujarat, Baluchistan, the Sind and the Makran coast. Two great cities on the Indus, Harappa in the north and Mohenjo Daro in the south, were supported by the agricultural surplus produced by such settlements. Recent archeological research has unearthed further sites, almost as large as the first two and designed on the same plan, at Kalibangan, on the border of India and Pakistan, at Kot Diji east of Mohenjo Daro, at Chanhu Daro further south on the Indus, and at Lothal in Gujarat.
The emergence of the first great Indian civilization, around 2500 BC, is almost as remarkable as its stability for nearly a thousand years. All the cities were built with baked bricks of the same size; the streets were laid out in a grid with an elaborate system of covered drains; and the houses, some with more than one storey, are large. Vast granaries and a citadel built on higher ground with a gigantic adjoining bath at Mohenjo Daro, together with the absence of royal palaces and the large numbers of religious figurines, suggest that it was a theocratic state of priests, merchants and farmers.
By now, farmers had domesticated various animals, including hump-backed (Brahmani) cattle, goats, water buffaloes and fowls. They cultivated wheat, barley, peas and sesamum, and were also probably the first to grow and make clothes from cotton. Excavations at Lothal have uncovered a harbour; merchants were certainly involved in extensive trading by both sea and land, for they imported metals, including gold, silver and copper, and semiprecious stones from the Indian peninsula, Persia, Afghanistan, central Asia and Mesopotamia. While the main export was probably cotton yarn or cloth, they may have exported surplus grain as well. Indus seals found at Ur confirm the continuity of trading links with Sumer between 2300 and 2000 BC.
The sheer quantity of seals discovered in the Indus cities suggests that each merchant or mercantile family had its own. They're usually square, and made of steatite (a kind of soapstone), engraved and then hardened by heating. All bear inscriptions, which remain undeciphered, although nearly 400 different characters have been identified. The emblems beneath the inscriptions - iconographic scenes and animals, such as the bull, buffalo, goat, tiger and elephant - are more enlightening. One of the most notable depicts a horned deity sitting cross-legged in an ithyphallic posture, surrounded by a tiger, an elephant, a rhinoceros, a water buffalo and two deer. He appears on two other seals, and it seems certain that he was a fertility god; indeed, he has been called a "proto-Shiva" because of the resemblance to Pashupati, the Lord of the Beasts, a major representation of the fully developed Hindu god, . Other seals provide evidence that certain trees, especially the peepal, were worshipped, and thus anticipate their sacred status in the Hindu and Buddhist religions.
No monumental sculpture survives, but large numbers of human figurines have been discovered, including a steatite bust of a man thought to be a priest, a striking bronze "dancing girl", brilliantly naturalistic models of animals, and countless terracotta statuettes of a Mother Goddess. This goddess is thought to have been worshipped in nearly every home of the common people, but the crude style of modelling suggests that she was not part of the cult of the priestly elite.
The sudden demise of the Indus civilization in the last quarter of the second millennium BC used to be explained by invasions of barbarian tribes from the northwest; but recent research has established that tectonic upheavals in about 1700 BC caused a series of floods, and these are now considered primarily to blame.
Guys we may find out some answer of my question from SWAMIJI’s thoughts which he had expressed and complied together in “The Future of India”
Did you follow SWAMIJI? Or We couldn’t even understand his thoughts, philosophy beyond of his each statement he commented more than 100 years back.
Did you find out solution for reason which he found out early age of India’s modern civilization?
Do we literate ourselves to understand our key strength and potential?
Lots of questions are still roaming inside my brain but no perfect solution yet.
1. The Future Of India
o Excerpts From Swami Vivekananda famous lecture “The Future Of India”
2. India
o This is the ancient land where wisdom made its home before it went into any other country…
o Here is the same India whose soil has been trodden by the feet of the greatest sages that ever lived.
o Here first sprang up inquiries into the nature of man and into the internal world.
o This is the land from whence, like the tidal waves, spirituality and philosophy have again and again rushed out and deluged the world..
o It is the same land which stands firmer than any rock in the world, with its undying vigor, indestructible life. Its life is of the same nature as the soul, without beginning and without end, immortal; and we are the children of such a country.
3. Problems before India
o The problems in India are more complicated, more momentous, than the problems in any other country.
o The elements which compose the nations of the world are indeed very few, taking race after race, compared to this country. Here have been the Aryan, the Dravidian, the Tartar, the Turk, the Mogul, the European — all the nations of the world, as it were, pouring their blood into this land.
o Of languages the most wonderful conglomeration is here; of manners and customs there is more difference between two Indian races than between the European and the Eastern races.
4. Our Common Ground
o The one common ground that we have is our sacred tradition, our religion. That is the only common ground, and upon that we shall have to build.
o The unity in religion, therefore, is absolutely necessary as the first condition of the future of India.
o We know that our religion has certain common grounds, common to all our sects …what we want is to bring out these lifegiving common principles of our religion, and let every man, woman, and child, throughout the length and breadth of this country, understand them, know them, and try to bring them out in their lives.
o This is the first step; and, therefore, it has to be taken.
5. Do not quarrel within !
o The first plank in the making of a future India, the first step that is to be hewn out of that rock of ages, is this unification of religion.
o All of us have to be taught that we Hindus — dualists, qualified monists, or monists, Shaivas, Vaishnavas, or Pâshupatas — to whatever denomination we may belong, have certain common ideas behind us, and that the time has come when for the well-being of ourselves, for the well-being of our race, we must give up all our little quarrels and differences.
o the more you go on fighting and quarrelling about all trivialities such as "Dravidian" and "Aryan", and the question of Brahmins and non-Brahmins and all that, the further you are off from that accumulation of energy and power which is going to make the future India.
o With the giving up of quarrels all other improvements will come.
6. Lift Up The Masses !
o My idea is first of all to bring out the gems of spirituality that are stored up in our books and in the possession of a few only, hidden, as it were, in monasteries and in forests — to bring them out; to bring the knowledge out of them..
o ..in one word, I want to make them popular. I want to bring out these ideas and let them be the common property of all, of every man in India, whether he knows the Sanskrit language or not.
o the ideas must be taught in the language of the people; at the same time, Sanskrit education must go on along with it,..
o Teach the masses in the vernaculars, give them ideas; they will get information, but something more is necessary; give them culture. Until you give them that, there can be no permanence in the raised condition of the masses.
7. Solution To Caste Problem
o Shame upon them that such wicked and diabolical customs are allowed; their own children are allowed to die of starvation, but as soon as they take up some other religion they are well fed.
o The solution is not by bringing down the higher, but by raising the lower up to the level of the higher.
o What is the plan? The ideal at one end is the Brahmin and the ideal at the other end is the Chandâla, and the whole work is to raise the Chandala up to the Brahmin. Slowly and slowly you find more and more privileges granted to them.
o It is the duty of the Brahmin, therefore, to work for the salvation of the rest of mankind in India. If he does that, and so long as he does that, he is a Brahmin, but he is no Brahmin when he goes about making money.
8. Organize !
o Why is it that organizations are so powerful? Do not say organization is material. Why is it, to take a case in point, that forty millions of Englishmen rule three hundred millions of people here? What is the psychological explanation?
o These forty millions put their wills together and that means infinite power, and you three hundred millions have a will each separate from the other.
o Therefore to make a great future India, the whole secret lies in organization, accumulation of power, co-ordination of wills.
9. Worship the mother !
o For the next fifty years this alone shall be our keynote — this, our great Mother India. Let all other vain gods disappear for the time from our minds. This is the only god that is awake, our own race — "everywhere his hands, everywhere his feet, everywhere his ears, he covers everything."
o The first of all worship is the worship of the Virat — of those all around us. Worship It.
o These we have to worship, instead of being jealous of each other and fighting each other.
One can understand and guess the reason why we are still lugging behind of our milestone.
Anyway we now come to a conclusion that India to be 3rd economy by 2020.
But my question is still kept unanswered. Why don’t we achieve by 2015, it’s not loot late.
(India to be 3rd largest economy by 2020: Pant)
India is poised to become the world's third-largest economy by 2020, three decades before the Goldman Sachs estimate, said K C Pant in Hyderabad on Wednesday.
In his keynote address at the Tenth Partnership Summit organised by the Confederation of Indian Industry, Pant said a recent study by Goldman Sachs on the growth prospects of four leading developing and transition economies -- Brazil, Russia, India and China (collectively termed as BRICs) -- had predicted that India would be the third largest economy in the world by 2050, after China and the United States.
The study forecast that India would grow more or less steadily at 5.5 to 6 per cent per annum and would continue this trajectory even beyond 2050, when all the other major countries would have slowed down to a 3 per cent or less growth rate.
"Though our past performance and the prognoses for the future are a source of pride for us, we do not think that they should be a cause for complacency. India's Tenth Five-Year Plan, which spans 2002 to 2007, aims to make India the fastest-growing economy in the world by the end of this period," he said.
"We believe that the country has the potential to record an average growth rate of 8 per cent per annum during these five years, rising to above 9 per cent in the terminal year," he added.
"Our optimism appears to have been vindicated by the recent performance of the economy. In the second quarter of this year, our GDP (gross domestic product) has increased by 8.4 per cent, and it is expected to grow at over 9 per cent in the next two quarters," he said.
"The most heartening feature of this growth has been the performance of our brick and mortar sectors, which have demonstrated a high degree of vitality that gives us the confidence about the future," Pant said.
He said that India had been one of the 10 fastest-growing economies in the world in the last two decades and the future may be even better than the past.
In the past, economic infrastructure, such as railways, ports, national roads and power were all provided exclusively by the public sector. "In the future, we see these areas being opened up to the private sector to the extent that the private sector displays its willingness, but this varies from sector to sector -- a fact that we need to keep in mind," he noted.
Referring to the financial sector, he said that foreign portfolio investors have recognised the strength and potential of the Indian capital markets and have poured in over $7 billion last year.
"Although India's presence has improved significantly in the international investors' radar screen in recent years, there is still a long way to go before it can be taken for granted. This is especially true for a number of sectors in which India's requirements may be at variance with international investor perceptions," he explained.
Pant said that the Planning Commission had set up a high-level Steering Group on Foreign Direct Investment and its report was presently under active consideration of the Union government.
An empowered committee, consisting of Union ministers and state chief ministers, was also set up to draw up a blueprint for creating an investor-friendly environment and to oversee its implementation.
"This is the first time that a major reforms programme will explicitly reflect the federal nature of our political system and will be guided at the highest political level," he pointed out.
Saturday, January 30, 2010
Why did I take entry in Stock Market: My Philosophy and Guidelines
I entered in the stock market in the year of 2003.I wanted to become a doctor as I was a good student once in my childhood.I never stood second in my class and I was so fascinated towards my career. My parents are very conservative, traditional and disciplined. I started to read Economic Times, Times of India, Statesman, and Ananda Bazar Patrika from my early age i.e. 14 yrs.
I was unable to understand the happenings in the industries’ thought stock market, a gambling station where people earn some money. The first stock I was interested US 64/Unit Trust mutual fund as my dad was holding that stock. Unfortunately he couldn't materialize profits from it. I was not happy from that incidence. Then suddenly I got busy in establishing my career in JEE/AIJEE etc and I took admission in engineering college. Why did I do so many degrees, PG degree, and certification? Is it to prove myself a good Engineer? I must say this is not true. Actually I wanted to develop some logic and my own philosophy in conjuction with some guidelines to establish myself at comfort zone.
Anyhow I got entry first time in the stock market in mid of 2003.I never wanted to be a broker, rather I wanted to be a business analyst. I could earn as I can by rolling my stuffs in large scale. But believe me guys I never wanted to earn money in wrong way. I wanted to judge my own philosophy and to execute my own innovation in correct way. I learnt so many things from the stock market which I can’t express in short duration. I saw ups and downs across the market." Earning money is not the only motto, judge yourself and confirm you earn money by virtue of your knowledge".
Still on today I don't expect single penny coming to my pocket without any efforts. I recommended lots of company which gave average 15 times return over the period of time.
My recommended almost 20 Multibagger Stocks as on today. Here is tow examples for the same.
Mukesh Babu....from Rs 2 to Rs 55
Core Projects & technologies: from Rs 0.75 to Rs 300.
My philosophy and fundamental suggest me to guide people and make them literate in market and establish my own guidelines for the same. I always prefer small cap and penny stocks rather than Large Cap. Why so?
I like to admire some one's capability and I always pay respect irrespective of their age and family background. I like innovative and hard work people. Street Cleaner is more respectable than a lazy architect. Isn't it guys? Like that way I respect true company irrespective of their CMP and market capital.
It's very simple to find out a true company as to find out a real life partner.
If anyone can find a real life partner he/she has the capacity to select a strong company for future. Following are the things that decide while you are choosing a company.
Company's fundamentals
Business Approach
Aggressiveness towards customer> Customer focus.
Mission and Vision.
Result oriented.
Management profile.
Past records.
Share holding pattern etc..........
There are following advantages on investing in small cap stock:
1. Higher Growth
2. Greater universe of opportunities
3. Inefficient market
4. In-Depth Research can make the difference
When looking at investment options, I find it most helpful to first determine what your objectives are. Dependent on your objectives, small cap stocks could be ideal, but they also could be counter to your goals. Diversification is paramount to protect yourself against potential market volatility, but I would suggest first figuring out what your goals are, what your comfort with risk is, the time-frame you're looking at as far as needing access to the investment and then figuring out what investment strategies match well with your set of parameters.
My story will be continued for next month....
I was unable to understand the happenings in the industries’ thought stock market, a gambling station where people earn some money. The first stock I was interested US 64/Unit Trust mutual fund as my dad was holding that stock. Unfortunately he couldn't materialize profits from it. I was not happy from that incidence. Then suddenly I got busy in establishing my career in JEE/AIJEE etc and I took admission in engineering college. Why did I do so many degrees, PG degree, and certification? Is it to prove myself a good Engineer? I must say this is not true. Actually I wanted to develop some logic and my own philosophy in conjuction with some guidelines to establish myself at comfort zone.
Anyhow I got entry first time in the stock market in mid of 2003.I never wanted to be a broker, rather I wanted to be a business analyst. I could earn as I can by rolling my stuffs in large scale. But believe me guys I never wanted to earn money in wrong way. I wanted to judge my own philosophy and to execute my own innovation in correct way. I learnt so many things from the stock market which I can’t express in short duration. I saw ups and downs across the market." Earning money is not the only motto, judge yourself and confirm you earn money by virtue of your knowledge".
Still on today I don't expect single penny coming to my pocket without any efforts. I recommended lots of company which gave average 15 times return over the period of time.
My recommended almost 20 Multibagger Stocks as on today. Here is tow examples for the same.
Mukesh Babu....from Rs 2 to Rs 55
Core Projects & technologies: from Rs 0.75 to Rs 300.
My philosophy and fundamental suggest me to guide people and make them literate in market and establish my own guidelines for the same. I always prefer small cap and penny stocks rather than Large Cap. Why so?
I like to admire some one's capability and I always pay respect irrespective of their age and family background. I like innovative and hard work people. Street Cleaner is more respectable than a lazy architect. Isn't it guys? Like that way I respect true company irrespective of their CMP and market capital.
It's very simple to find out a true company as to find out a real life partner.
If anyone can find a real life partner he/she has the capacity to select a strong company for future. Following are the things that decide while you are choosing a company.
Company's fundamentals
Business Approach
Aggressiveness towards customer> Customer focus.
Mission and Vision.
Result oriented.
Management profile.
Past records.
Share holding pattern etc..........
There are following advantages on investing in small cap stock:
1. Higher Growth
2. Greater universe of opportunities
3. Inefficient market
4. In-Depth Research can make the difference
When looking at investment options, I find it most helpful to first determine what your objectives are. Dependent on your objectives, small cap stocks could be ideal, but they also could be counter to your goals. Diversification is paramount to protect yourself against potential market volatility, but I would suggest first figuring out what your goals are, what your comfort with risk is, the time-frame you're looking at as far as needing access to the investment and then figuring out what investment strategies match well with your set of parameters.
My story will be continued for next month....
Why do I like SMALL CAP & MID CAP rather than LARGE CAP: Investing in Small Cap Stocks for Growth and Return
Investing in Small Cap Stocks for Growth and Return
Small cap (or small capitalization) is a reference to a company’s market size. Small cap stocks are stocks from companies that have market capitalization (the number of shares outstanding multiplied by the price per share) of under $1 billion. Investors may face more risk with small caps, but they also have the chance for greater gains.
Out of all the types of stocks, small cap stocks continue to exhibit the greatest amount of growth. In the same way that a tree planted last year will have more opportunity for growth than a mature 100-year-old redwood, small caps have greater growth potential than established large cap stocks.
Of course, a small cap will not exhibit spectacular growth just because it’s small. It will grow when it does the right things, such as increasing sales and earnings by producing goods and services that customers want. As you consider small caps, keep these things in mind:
•An IPO is not a sure thing.
An initial public offering (IPO) is the first offering to the public of a company’s stock. The IPO is also referred to as “going public.” Because a company that is going public is frequently an unproven enterprise, investing in an IPO can be risky.
•If it’s a small cap stock, make sure it’s making money.
When you evaluate a company for stock investing, make sure that the company is established (being in business for at least three years is a good minimum) and that it’s profitable.
•Investing in small cap stocks requires analysis.
You need to do more research on small cap stocks than on large caps. Plenty of information is available on large cap stocks because they’re widely followed. Small cap stocks don’t get as much press, and fewer analysts issue reports on them.
Small cap (or small capitalization) is a reference to a company’s market size. Small cap stocks are stocks from companies that have market capitalization (the number of shares outstanding multiplied by the price per share) of under $1 billion. Investors may face more risk with small caps, but they also have the chance for greater gains.
Out of all the types of stocks, small cap stocks continue to exhibit the greatest amount of growth. In the same way that a tree planted last year will have more opportunity for growth than a mature 100-year-old redwood, small caps have greater growth potential than established large cap stocks.
Of course, a small cap will not exhibit spectacular growth just because it’s small. It will grow when it does the right things, such as increasing sales and earnings by producing goods and services that customers want. As you consider small caps, keep these things in mind:
•An IPO is not a sure thing.
An initial public offering (IPO) is the first offering to the public of a company’s stock. The IPO is also referred to as “going public.” Because a company that is going public is frequently an unproven enterprise, investing in an IPO can be risky.
•If it’s a small cap stock, make sure it’s making money.
When you evaluate a company for stock investing, make sure that the company is established (being in business for at least three years is a good minimum) and that it’s profitable.
•Investing in small cap stocks requires analysis.
You need to do more research on small cap stocks than on large caps. Plenty of information is available on large cap stocks because they’re widely followed. Small cap stocks don’t get as much press, and fewer analysts issue reports on them.
Another Multibagger from my desk in 2010
SBIL Details
Saamya Biotech (India) Limited engages in the manufacture and marketing of various chemicals, pharmaceuticals, drugs, and intermediates in India. It manufactures low volume and high value active bio-pharmaceutical ingredients, including daunomycin and hyaluronic acid–pharma grade and cosmetic grade. Its daunomycin is used for remission induction of acute lymphocytic leukaemia in combination with other drugs. The company’s hyaluronic acid acts as the natural moisturizing factor and used in cosmetics and as indictable in ophthalmic surgery and osteoarthritis treatments. Saamya Biotech (India) Limited was incorporated in 2002 and is based in Hyderabad, India
Saamya Biotech has entered into a joint venture agreement with Perak Bio Corporation Sdn. Bhd. (PBC) to setup a bio-pharmaceutical manufacturing unit in Perak state for Saamya Biotech (Malaysia) Sdn. Bhd, a subsidiary of the Indian company.
PBC is a company owned by state government of Perak in Malaysia. It has allotted 12.63 acres land to Saamya Biotech (Malaysia) Sdn. Bhd, for the said project towards the equity participation of Perak state government.
Saamya Biotech India is a Hyderabad-based company that manufactures and markets biopharmaceuticals and recombinant protein products of medical and industrial importance, and also to discover and develop emerging biotech products of far reaching significance.
Past Key developments for SAAMYA BIOTECH INDIA LTD (SBIL)
Saamya Biotech To Approve Fund Raising Through Postal Ballot
12/30/2009
Saamya Biotech (India) Limited informed the Bombay Stock Exchange that the member of the Company will consider to approve the following resolution by way of Postal Ballot: To create issue, offer and allot (including with provisions for reservation on firm and/or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permitted), Equity Shares and/or Equity Shares through depository receipts including American Depository Receipts (ADR), Global Depository Receipts (GDR) and/or Convertible Bonds (CB), Convertible Debentures (CD), fully or partly, and/or other securities convertible into Equity Shares at the option of the Company and/or the holder(s) of such securities, and/or securities linked to Equity Shares and/or securities with or without detachable/non-detachable warrants and/or warrants with a right exercisable by the warrant-holder to subscribe for Equity Shares and/or any instruments or securities representing either Equity Shares, secured premium notes, and/ or any other financial instruments which would be converted into/ exchanged with Equity Shares at a later date (Securities) as the Board at its sole discretion or in consultation with underwriters, merchant bankers, financial advisors or legal advisors may at any time decide, by way of one or more public, follow-on, preferential issues or private offerings in domestic and/or one or more international market(s), with or without a green shoe option, or private placement or issued /allotted through Qualified Institutions Placement in accordance with the Guidelines for Qualified Institutions Placement prescribed under Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, read with SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2009 as amended, or by any one or more or a combination of the above model/methods or otherwise and at such time or times and in one or more tranches, whether rupee denominated or denominated in foreign currency, to any eligible Qualified Institutional Buyers including Foreign Institutional Investors, resident/ non-resident investors (whether institutions, incorporated bodies, mutual funds, individuals or otherwise), Venture Capital Funds (foreign or Indian), Indian and/or Multilateral Financial Institutions, Mutual Funds, Non-Resident Indians, stabilizing agents and/or any other categories of investors, whether they be holders of shares of the Company or not (collectively called the Investors) whether or not such Investors are members of the Company as may be deemed appropriate by the Board and permitted under applicable laws and regulations, resulting in the issue of an aggregate amount not exceeding $40 Millions or equivalent thereof and on such terms and conditions and timing of the issue(s)/offering(s) including the Investors to whom the Securities are to be issued, issue price, number of Securities to be issued, creation of mortgage/ charge in accordance with Section 293(1)[a) of the Companies Act, 1956 in respect of any Securities as may be required either on pari-passu basis or otherwise, the stock exchanges on which such Securities will be listed, finalization of allotment of the Securities on the basis of the subscriptions received, face value, rate of interest, redemption period, manner of redemption, amount of premium on redemption, the number of equity share to be allotted on redemption/conversion, the ratio, period of conversion, fixing of record date or book closure dates, and any other matter in connection with, or incidental to, the issue, in consultation with the merchant bankers or other advisors or otherwise, as the Board at its sole discretion may decide together with any amendments or modifications thereto, subject to necessary provisions & approvals.
Saamya Biotech Mulls Raising $40 Million
12/17/2009
Saamya Biotech (India) Limited informed the Bombay Stock Exchange that the company on its meeting on December 17, 2009 has decided to issue, offer and allot further shares in all or any one or in combination of Equity Shares, GDR, ADR, Convertible Bonds / Debentures and / or other securities to the extent of $40 millions subject to approval of the members of the Company, to issue equity shares / warrants on preferential basis and to conduct postal ballot to accord consent of the Members of the Company for the aforesaid business.
Saamya Biotech To Mull Funding Options
12/14/2009
Saamya Biotech (India) Ltd. will be meeting on December 17, 2009 to consider issue further shares under GDR mechanism/ Preferential Allotment / QIB, etc., subject to approval of the members of the Company.
Stock History:
Volume 26,345
Prev Close 10.04
Day's H/L (Rs) 10.49 - 9.54
52wk H/L (Rs) 14.10 - 3.57
Mkt Cap (Rs Cr) 24.23
Project Progress:
Kedah Govt. of Malaysia agreed to provide 10 acre land in the Biotechnology park. A joint venture agreement with the Kedah state Govt. has been entered by the main promoter and collaborator, M/s Saamya Biotech (India) limited, in respect of land and equity participation. Govt. incentives for tax exemptions, Research grants, personnel training grant and permission for expatriate posts have also been obtained. Funding approvals from Federal Govt. and financial institutions are awaited.
The company entered into Technology transfer agreement with Saamya Biotech (India) Ltd., the main promoter company.
The parent and main promoter company, Saamya Biotech (India) Ltd. has entered into marketing agreement with Arch Pharmalabs Ltd., Mumbai, India for 100% marketing of the products that are manufactured by Saamya Biotech (Malaysia) Sdn. Bhd.
Saamya Biotech (India) Ltd., the parent and main promoter company, has signed an agreement with M/s Shapoorji Pallonji & Co. Ltd., Mumbai, India for execution of the project (construction/ basic and detailed engineering etc) on turnkey basis.
NOC from Pollution Control Board for establishing the facility, being planned.
Necessary statutory permissions from Malaysian Govt. will be obtained.
Conclusion:
Saamya Biotech is looking very attractive at this level.Guys pls keep your eyes open for this stock.I am very confident and optimistic this is one the way to become a multibagger in comming days. If thing goes in proper direction then I want to see Saamya Biotech at Rs 50-60 level within a year.
Currently it is trading at Rs 10.00. Go for it guys and it will enrich your portfolio.It can gives you atleast 10-15 times return in 2-3 years.
Saamya Biotech (India) Limited engages in the manufacture and marketing of various chemicals, pharmaceuticals, drugs, and intermediates in India. It manufactures low volume and high value active bio-pharmaceutical ingredients, including daunomycin and hyaluronic acid–pharma grade and cosmetic grade. Its daunomycin is used for remission induction of acute lymphocytic leukaemia in combination with other drugs. The company’s hyaluronic acid acts as the natural moisturizing factor and used in cosmetics and as indictable in ophthalmic surgery and osteoarthritis treatments. Saamya Biotech (India) Limited was incorporated in 2002 and is based in Hyderabad, India
Saamya Biotech has entered into a joint venture agreement with Perak Bio Corporation Sdn. Bhd. (PBC) to setup a bio-pharmaceutical manufacturing unit in Perak state for Saamya Biotech (Malaysia) Sdn. Bhd, a subsidiary of the Indian company.
PBC is a company owned by state government of Perak in Malaysia. It has allotted 12.63 acres land to Saamya Biotech (Malaysia) Sdn. Bhd, for the said project towards the equity participation of Perak state government.
Saamya Biotech India is a Hyderabad-based company that manufactures and markets biopharmaceuticals and recombinant protein products of medical and industrial importance, and also to discover and develop emerging biotech products of far reaching significance.
Past Key developments for SAAMYA BIOTECH INDIA LTD (SBIL)
Saamya Biotech To Approve Fund Raising Through Postal Ballot
12/30/2009
Saamya Biotech (India) Limited informed the Bombay Stock Exchange that the member of the Company will consider to approve the following resolution by way of Postal Ballot: To create issue, offer and allot (including with provisions for reservation on firm and/or competitive basis, of such part of issue and for such categories of persons including employees of the Company as may be permitted), Equity Shares and/or Equity Shares through depository receipts including American Depository Receipts (ADR), Global Depository Receipts (GDR) and/or Convertible Bonds (CB), Convertible Debentures (CD), fully or partly, and/or other securities convertible into Equity Shares at the option of the Company and/or the holder(s) of such securities, and/or securities linked to Equity Shares and/or securities with or without detachable/non-detachable warrants and/or warrants with a right exercisable by the warrant-holder to subscribe for Equity Shares and/or any instruments or securities representing either Equity Shares, secured premium notes, and/ or any other financial instruments which would be converted into/ exchanged with Equity Shares at a later date (Securities) as the Board at its sole discretion or in consultation with underwriters, merchant bankers, financial advisors or legal advisors may at any time decide, by way of one or more public, follow-on, preferential issues or private offerings in domestic and/or one or more international market(s), with or without a green shoe option, or private placement or issued /allotted through Qualified Institutions Placement in accordance with the Guidelines for Qualified Institutions Placement prescribed under Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, read with SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2009 as amended, or by any one or more or a combination of the above model/methods or otherwise and at such time or times and in one or more tranches, whether rupee denominated or denominated in foreign currency, to any eligible Qualified Institutional Buyers including Foreign Institutional Investors, resident/ non-resident investors (whether institutions, incorporated bodies, mutual funds, individuals or otherwise), Venture Capital Funds (foreign or Indian), Indian and/or Multilateral Financial Institutions, Mutual Funds, Non-Resident Indians, stabilizing agents and/or any other categories of investors, whether they be holders of shares of the Company or not (collectively called the Investors) whether or not such Investors are members of the Company as may be deemed appropriate by the Board and permitted under applicable laws and regulations, resulting in the issue of an aggregate amount not exceeding $40 Millions or equivalent thereof and on such terms and conditions and timing of the issue(s)/offering(s) including the Investors to whom the Securities are to be issued, issue price, number of Securities to be issued, creation of mortgage/ charge in accordance with Section 293(1)[a) of the Companies Act, 1956 in respect of any Securities as may be required either on pari-passu basis or otherwise, the stock exchanges on which such Securities will be listed, finalization of allotment of the Securities on the basis of the subscriptions received, face value, rate of interest, redemption period, manner of redemption, amount of premium on redemption, the number of equity share to be allotted on redemption/conversion, the ratio, period of conversion, fixing of record date or book closure dates, and any other matter in connection with, or incidental to, the issue, in consultation with the merchant bankers or other advisors or otherwise, as the Board at its sole discretion may decide together with any amendments or modifications thereto, subject to necessary provisions & approvals.
Saamya Biotech Mulls Raising $40 Million
12/17/2009
Saamya Biotech (India) Limited informed the Bombay Stock Exchange that the company on its meeting on December 17, 2009 has decided to issue, offer and allot further shares in all or any one or in combination of Equity Shares, GDR, ADR, Convertible Bonds / Debentures and / or other securities to the extent of $40 millions subject to approval of the members of the Company, to issue equity shares / warrants on preferential basis and to conduct postal ballot to accord consent of the Members of the Company for the aforesaid business.
Saamya Biotech To Mull Funding Options
12/14/2009
Saamya Biotech (India) Ltd. will be meeting on December 17, 2009 to consider issue further shares under GDR mechanism/ Preferential Allotment / QIB, etc., subject to approval of the members of the Company.
Stock History:
Volume 26,345
Prev Close 10.04
Day's H/L (Rs) 10.49 - 9.54
52wk H/L (Rs) 14.10 - 3.57
Mkt Cap (Rs Cr) 24.23
Project Progress:
Kedah Govt. of Malaysia agreed to provide 10 acre land in the Biotechnology park. A joint venture agreement with the Kedah state Govt. has been entered by the main promoter and collaborator, M/s Saamya Biotech (India) limited, in respect of land and equity participation. Govt. incentives for tax exemptions, Research grants, personnel training grant and permission for expatriate posts have also been obtained. Funding approvals from Federal Govt. and financial institutions are awaited.
The company entered into Technology transfer agreement with Saamya Biotech (India) Ltd., the main promoter company.
The parent and main promoter company, Saamya Biotech (India) Ltd. has entered into marketing agreement with Arch Pharmalabs Ltd., Mumbai, India for 100% marketing of the products that are manufactured by Saamya Biotech (Malaysia) Sdn. Bhd.
Saamya Biotech (India) Ltd., the parent and main promoter company, has signed an agreement with M/s Shapoorji Pallonji & Co. Ltd., Mumbai, India for execution of the project (construction/ basic and detailed engineering etc) on turnkey basis.
NOC from Pollution Control Board for establishing the facility, being planned.
Necessary statutory permissions from Malaysian Govt. will be obtained.
Conclusion:
Saamya Biotech is looking very attractive at this level.Guys pls keep your eyes open for this stock.I am very confident and optimistic this is one the way to become a multibagger in comming days. If thing goes in proper direction then I want to see Saamya Biotech at Rs 50-60 level within a year.
Currently it is trading at Rs 10.00. Go for it guys and it will enrich your portfolio.It can gives you atleast 10-15 times return in 2-3 years.
Wednesday, January 13, 2010
Buy MSP Steel & Power: Multibagger
PE ratio 6.18 12/01/10
EPS (Rs) 6.87 Mar, 09
Sales (Rs crore) 91.24 Sep, 09
Face Value (Rs) 10
Net profit margin (%) 12.84 Mar, 08
Return on average equity 36.08 Mar, 08
EPS can be expected in 2010-2011 as Rs 12.
PE ratio: 25-30
Price should be in between Rs 250 to 300 in 2 yrs time.
Whole Investment in Pipeline
MSP Steel & Power Ltd to invest Rs 382 Cr on enhancing production capacities
Written by Vijay
Tuesday, 27 October 2009
Mumbai: MSP Steel & Power Ltd is enhancing production capacities at it's Chhattisgarh plant. The company is setting up a 350 MTPA Sponge Iron Plant, 18 MW Power Plant, 383625 MTPA Coal Washery and 186450 Sq Ft MSP Colony at a total project cost of Rs. 233 Crores.
Rs. 155 Crore of the total project cost has been syndicated by a consortium of four banks. The remaining amount of Rs. 78.00 Crore will be brought in by promoters through internal accruals.
State Bank of India, Oriental Bank of Commerce, Allahabad Bank & Indian Overseas Bank have syndicated funds to the extent of Rs. 60.00 Cr., 30.00 Cr, 30.00 Cr & 35.00 Cr respectively. The entire amount of loan has been fully sanctioned and the Company has started taking disbursement of the same to carry on the implementation of the projects.
MSP Steel & Power Ltd is also setting up a 30 MW Power Plant at an investment of Rs. 149.5 Cr. For this project Rs. 50 Cr will be brought in by the promoters & the remaining 99.5 Cr will be funded by the banks. The Company has received sanctions from three banks and details are being worked out.
Past events and happenings:
MSP Signs MOU With Madhya Pradesh Govt. on 16th Feb 2008
MSP Steel & Power Ltd. has signed Memorandum of Understandings (MOU) with M P Trade & Investment Facilitation Corp Ltd, Government of Madhya Pradesh, on February 16, 2008 for setting up two Iron Ore Beneficiation Plants, one in the District of Jabalpur & other in Katni, with the capacities of 5.0 MTPA each, with a proposed Investment of Rs 200.00 crores in each, with a proposed Investment of Rs 200.00 crores in each plant and a Pelletiastation and Steel Plant of appropriate capacities in the above districts provided that the beneficiated ore is suitable for pelletisation.
Government of Madhya Pradesh shall facilities required infrastructure facilities, incentives and will facilitate to obtain the necessary clearness and concessions for the project from single window.
MSP Signs MOU With Madhya Pradesh Govt. on 27th Oct 2007
MSP Steel & Power Ltd. Has signed MOU with Government of Madhya Pradesh on October 27, 2007 for setting up a 2 million tonne Clinker and Cement Plant, the Company has been, granted prospecting licence for captive limestone mines has been allotted over an area of 683.47 hectares, in the rich limestone belt of Katni, M.P.
The Company believes that the area granted contains sufficient deposits to meet its complete requirement of Limestone through Captive Mines for the proposed project.
MSP Signs MOU With Madhya Pradesh Govt.
MSP Steel & power Ltd. Has signed a Memorandum of Understanding (MOU) with M P Trade & Investment Facilitation Corp., Government of Madhya Pradesh, on October 27, 2007 for setting up a 2 million tone, Clinker and Cement Unit in the State of M.P with a proposed Investment of Rs 1000.00 crores.
MSP Metallics started commercial production an has successfully started production of Pig Iron, Sponge Iron, and Billets during 1st Quarter of 2008
MSP is setting up 3,00,000 MTPA Pellet Plant in its Raigarh unit. Iron ore fines which is abundantly available will be used into pellet plant to manufacture pellete and pellets will be used in Sponge Iron Plant. Once the pellet plant will start production the group will save substantial amount in terms of Iron ore prices.
Coal mines has been allotted to Chaman Metallics Ltd. In the state of Maharashtra
Coal mines has been allotted to Howrah Gases Ltd.
MSP Signs MOU With Chhattisgarh Govt.
MSP Steel and Power Ltd. (MSPSPL) has signed the MOU for expansion of its plant with an investment of Rs. 850 crore with the Chhattisgarh Govt. The Managing Director of the company Mr. S K Agrawal signed the MOU.
MSP gets UNFCC approval for Carbon Credits
MSP Steel and Power Ltd. flagship company of the MSP Group, has been registered with UNFCCC. The Captive Power Plant is based on Waste Heat Recovery Module whereby flue gas released the Sponge Iron kiln is used to generate steam in the boiler thereby replacing fossil fuel for generating power. It will involve reduction of 59,000 Metric Tons of CO2 equivalent per annum which lead to substantial revenue inflow by selling CER credits (Certified Energy Reduction) which will accrue to the company for the period of 10 years.
MSP has also successfully commissioned all the facilities envisaged in the project in the 1st and 2nd phase which include Sponge Iron -2.00 lacs TPA. Steel Melting Shop - 1.50 lacs TPA. CPP - 24 MW, TMT Rolling Mill - 0.80 lacs TPA. Coal Washery - 3.00 lacs TPA. Railway Siding- 2.4 km. MSP is marketing its TMT bars under the brand name of MSP Gold Theremax TMT.
MSP has already been accorded Coal Block by the Ministry of Coal to meet its coal requirement for next 30 years and its application for iron ore mines in Chhattisgarh is in advanced stages of consideration.
The Railway Siding and Captive Power Plant has brought substantial savings for the company since their commissioning.
MSP Signs MOU With Madhya Pradesh Govt.
MSP Steel & Power Limited has signed a Memorandum of Understanding (MOU) with M.P Trade & Investment Facilitation Corp., Government of Madhya Pradesh, on 27.10.2007 for setting up a 2 million tons, Clinker and Cement Unit in the State of M.P with a proposed Investment of Rs. 1000.00 crores.
Government of Madhya Pradesh shall facilitate allocation of land and grant of captive limestone mines.
Further it shall facilitate in recommendations being sent by the Government of Madhya Pradesh to Government of India for allocation of coal linkage and allotment of captive coal block for the project.
EPS (Rs) 6.87 Mar, 09
Sales (Rs crore) 91.24 Sep, 09
Face Value (Rs) 10
Net profit margin (%) 12.84 Mar, 08
Return on average equity 36.08 Mar, 08
EPS can be expected in 2010-2011 as Rs 12.
PE ratio: 25-30
Price should be in between Rs 250 to 300 in 2 yrs time.
Whole Investment in Pipeline
MSP Steel & Power Ltd to invest Rs 382 Cr on enhancing production capacities
Written by Vijay
Tuesday, 27 October 2009
Mumbai: MSP Steel & Power Ltd is enhancing production capacities at it's Chhattisgarh plant. The company is setting up a 350 MTPA Sponge Iron Plant, 18 MW Power Plant, 383625 MTPA Coal Washery and 186450 Sq Ft MSP Colony at a total project cost of Rs. 233 Crores.
Rs. 155 Crore of the total project cost has been syndicated by a consortium of four banks. The remaining amount of Rs. 78.00 Crore will be brought in by promoters through internal accruals.
State Bank of India, Oriental Bank of Commerce, Allahabad Bank & Indian Overseas Bank have syndicated funds to the extent of Rs. 60.00 Cr., 30.00 Cr, 30.00 Cr & 35.00 Cr respectively. The entire amount of loan has been fully sanctioned and the Company has started taking disbursement of the same to carry on the implementation of the projects.
MSP Steel & Power Ltd is also setting up a 30 MW Power Plant at an investment of Rs. 149.5 Cr. For this project Rs. 50 Cr will be brought in by the promoters & the remaining 99.5 Cr will be funded by the banks. The Company has received sanctions from three banks and details are being worked out.
Past events and happenings:
MSP Signs MOU With Madhya Pradesh Govt. on 16th Feb 2008
MSP Steel & Power Ltd. has signed Memorandum of Understandings (MOU) with M P Trade & Investment Facilitation Corp Ltd, Government of Madhya Pradesh, on February 16, 2008 for setting up two Iron Ore Beneficiation Plants, one in the District of Jabalpur & other in Katni, with the capacities of 5.0 MTPA each, with a proposed Investment of Rs 200.00 crores in each, with a proposed Investment of Rs 200.00 crores in each plant and a Pelletiastation and Steel Plant of appropriate capacities in the above districts provided that the beneficiated ore is suitable for pelletisation.
Government of Madhya Pradesh shall facilities required infrastructure facilities, incentives and will facilitate to obtain the necessary clearness and concessions for the project from single window.
MSP Signs MOU With Madhya Pradesh Govt. on 27th Oct 2007
MSP Steel & Power Ltd. Has signed MOU with Government of Madhya Pradesh on October 27, 2007 for setting up a 2 million tonne Clinker and Cement Plant, the Company has been, granted prospecting licence for captive limestone mines has been allotted over an area of 683.47 hectares, in the rich limestone belt of Katni, M.P.
The Company believes that the area granted contains sufficient deposits to meet its complete requirement of Limestone through Captive Mines for the proposed project.
MSP Signs MOU With Madhya Pradesh Govt.
MSP Steel & power Ltd. Has signed a Memorandum of Understanding (MOU) with M P Trade & Investment Facilitation Corp., Government of Madhya Pradesh, on October 27, 2007 for setting up a 2 million tone, Clinker and Cement Unit in the State of M.P with a proposed Investment of Rs 1000.00 crores.
MSP Metallics started commercial production an has successfully started production of Pig Iron, Sponge Iron, and Billets during 1st Quarter of 2008
MSP is setting up 3,00,000 MTPA Pellet Plant in its Raigarh unit. Iron ore fines which is abundantly available will be used into pellet plant to manufacture pellete and pellets will be used in Sponge Iron Plant. Once the pellet plant will start production the group will save substantial amount in terms of Iron ore prices.
Coal mines has been allotted to Chaman Metallics Ltd. In the state of Maharashtra
Coal mines has been allotted to Howrah Gases Ltd.
MSP Signs MOU With Chhattisgarh Govt.
MSP Steel and Power Ltd. (MSPSPL) has signed the MOU for expansion of its plant with an investment of Rs. 850 crore with the Chhattisgarh Govt. The Managing Director of the company Mr. S K Agrawal signed the MOU.
MSP gets UNFCC approval for Carbon Credits
MSP Steel and Power Ltd. flagship company of the MSP Group, has been registered with UNFCCC. The Captive Power Plant is based on Waste Heat Recovery Module whereby flue gas released the Sponge Iron kiln is used to generate steam in the boiler thereby replacing fossil fuel for generating power. It will involve reduction of 59,000 Metric Tons of CO2 equivalent per annum which lead to substantial revenue inflow by selling CER credits (Certified Energy Reduction) which will accrue to the company for the period of 10 years.
MSP has also successfully commissioned all the facilities envisaged in the project in the 1st and 2nd phase which include Sponge Iron -2.00 lacs TPA. Steel Melting Shop - 1.50 lacs TPA. CPP - 24 MW, TMT Rolling Mill - 0.80 lacs TPA. Coal Washery - 3.00 lacs TPA. Railway Siding- 2.4 km. MSP is marketing its TMT bars under the brand name of MSP Gold Theremax TMT.
MSP has already been accorded Coal Block by the Ministry of Coal to meet its coal requirement for next 30 years and its application for iron ore mines in Chhattisgarh is in advanced stages of consideration.
The Railway Siding and Captive Power Plant has brought substantial savings for the company since their commissioning.
MSP Signs MOU With Madhya Pradesh Govt.
MSP Steel & Power Limited has signed a Memorandum of Understanding (MOU) with M.P Trade & Investment Facilitation Corp., Government of Madhya Pradesh, on 27.10.2007 for setting up a 2 million tons, Clinker and Cement Unit in the State of M.P with a proposed Investment of Rs. 1000.00 crores.
Government of Madhya Pradesh shall facilitate allocation of land and grant of captive limestone mines.
Further it shall facilitate in recommendations being sent by the Government of Madhya Pradesh to Government of India for allocation of coal linkage and allotment of captive coal block for the project.
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